Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Tom Ford opens women’s store in luxury-loving Russia Fashion designer Tom Ford has opened his first women’s clothes store in Moscow, giving a confidence boost to Russia’s reviving luxury goods market. The 50-year-old Ford said he was not phased by the prospects of another economic recession in Russia, which previously ranked as the fourth-largest buyer … Read more
Booming China is number one Bordeaux importer According to figures released by the Bordeaux Wine Industry Association (CIVB), last year China surpassed Germany to become the world’s largest importer of French Bordeaux wines in terms of wine volume as well as transaction volume. Mainland China now buys some 10 percent of all exports from the … Read more
Greece issues are reviving the sale of famous Greek islands. One of the sellers is Sheikh Hamad bin Khalifa Al Thani, Emir of Qatar, who has shown willingness to buy two islands in the Ionian Sea, including the island of Scorpios, owned by Aristotle Onassis. Scorpios Island, the island where took place the wedding … Read more
Getting Mercedes engineers to help may seem natural for anyone who wants to build a luxury car. So that is exactly what Carlos Ghosn has done – even though he is in charge of two rival carmakers, the alliance partners Renault and Nissan. Mr Ghosn is also the ultimate head of Nissan’s luxury car subsidiary … Read more
“A simple watch can reveal the hidden corruption of some greedy officials and it shows that corruption leaves its mark.” Authorities in Beijing have censored a survey of luxury watches worn by Chinese government officials published online by an activist whose investigation was welcomed by the official media. Internet activist “Huaguoshanzonshuji” told AFP that his … Read more
Burberry has switched the focus of its marketing away from glossy print advertising in favour of digital investment. The luxury fashion brand is promoting the launch of its fragrance Burberry Body through Facebook, instead of glossy fashion magazines for the first time, according to the Financial Times. The brand now spends 60% of its marketing … Read more